Tax Relief: Understanding Section 80DDB and its crucial differences from Section 80D (Image: Freepik) Income Tax Benefits: When it comes to medical expenses, there are certain provisions under Section ...

Section 80DDB provides tax deduction for treating specified illnesses, covering medical expenses for dependents like spouses, children, parents, and siblings. It has specific limits, documentation ...

Section 80DDB of the Income Tax Act states that if an individual or a HUF (Hindu Undivided Family) incurs medical expenditures for the treatment of a specific sickness or ailment, such expense is ...

I am 48 and my company provides me a group health insurance policy that covers my parents. I suffered a slipped disc last year and have to undergo regular physiotherapy. Can I claim tax benefit on ...

After the part one of the Last Minute Tax Planning tips that talked about investments that can be made which will make you eligible for deductions from your taxable income, this part will talk about ...

A complete guide for income tax deductions under sections 80D, 80DD and 80DDB which relate to medical expenses and health insurance/mediclaim. Good understanding will help you in substantial tax ...

However, if the patient is a senior citizen, then deduction of Rs 1,00,000 is allowable. Exemption limit is the quantum of income up to which a person is not liable to pay tax. A senior citizen is ...

I have a handicapped dependent who is my mother's younger sister. She is completely dependent on me and every month I spend Rs 2,000. I wanted to know whether I can claim tax benefit under 80DD? I ...

As per the provisions of Section 80DDB, where a resident assessee has paid any amount for the medical treatment of a specified disease or ailment during the previous year for himself or a dependant, ...